• 2 minutes California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 6 minutes China and India are both needing more coal and prices are now extremely high. They need maximum fossil fuel.
  • 11 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 7 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 16 hours NordStream2
  • 4 hours US intel warns China could dominate advanced technologies By NOMAAN MERCHANT October 22, 2021
  • 3 days The Climate Scare Stories Began With Far Left Ideology Per GreenPeace Co-Founder
  • 2 days Biden Sets Target Of 50% EV Share In U.S. Car Sales In 2030
  • 8 hours Putin and Xi have decided not to attend the Climate Summit in Glasgow
  • 3 days Storage of gas cylinders
  • 3 days "The Hidden Story About California's Container Ship Backlog" via Corbett Report
MINING.com

MINING.com

MINING.com is a web-based global mining publication focusing on news and commentary about mining and mineral exploration. The site is a one-stop-shop for mining industry…

More Info

Premium Content

Iran Announces Discovery of Huge Uranium Deposits

A significant discovery of new uranium deposits equivalent to three times its estimated uranium reserves, announced Iran this weekend, only days before the nation was scheduled to resume talks with Western powers in Kazakhstan over Tehran’s controversial nuclear program.

In a statement, the country’s Atomic Energy Organization said it had designated 16 sites for new nuclear power plants, and that new uranium discoveries over the past year and a half had almost tripled the country’s estimated reserves of uranium from 1,527 tons to 4,400 tons.

The sites – on Iran's north and south coasts, Khuzestan province and north-western Iran – were chosen in part for their resistance to earthquakes and military strikes, the organization said.

Related article: Investment Opportunities in the Uranium Market in 2013

The timing of Saturday’s announcements from body, which is Iran’s top authority on technical issues for the nuclear industry, suggests Tehran is trying to bolster its negotiating position in advance of nuclear talks scheduled to begin Tuesday, say experts.

The U.S. and its allies —Russia, China, Britain, France and Germany—accuse Iran of trying to develop atomic weapons under the cover of a civilian nuclear program. Iran says its nuclear efforts are for peaceful purposes only.

The so-called six powers may offer Iran some form of relief from international economic sanctions if the nation agrees to cut down enriched uranium production, which could be used to develop nuclear weapons.

Related article: Iran to Install Thousands of New Centrifuges for Nuclear Enrichment

According to several documents published by the International Atomic Energy Agency (IAEA), "overall, credible" evidence exists that until 2003, and possibly since then, Iran conducted nuclear weapons research.

The IAEA has also expressed concern about extensive changes at Iran's Parchin military base, where the agency suspects that explosives tests relevant to nuclear weapons have taken place in the past.

Iran has consistently denied that claim and other similar charges, accusing it of secretly developing atomic weapons and says that as a signatory of the Nuclear Non-Proliferation Treaty (NPT) it is entitled to develop a nuclear power programme.

Tightening sanctions have squeezed the country’s economy, with oil revenue slashed, a currency that has nosedived in value, and increasing unemployment.

By. Cecilia Jamasmie


Download The Free Oilprice App Today

Back to homepage





Leave a comment
  • Jean-Francois Morf on February 27 2013 said:
    If Iran has really huge Uranium deposits, added to his huge oil corridor deposits, then Iran will soon be invaded by Israel+USA, under any small pretext...
    For the western medias, you will see that Iran will begin the war, not Israel nor USA...

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News